ZAWYA-SNG: Egypt: EGX listing committee thumbs up for Sidpec capital hike

About this update from Sidi Kerir Petrochemicals

Staff WriterArab Finance: The Egyptian Exchange’s (EGX) listing committee approved listing the shares resulting from the increase in the issued and paid-up capital of Sidi Kerir Petrochemicals Company (Sidpec) from EGP 1.814 billion to EGP 2.268 billion, the EGX announced.The increase amounts to EGP 453.6 million and is carried out through the issuance of 226.8 million shares with a par value of EGP 2 per share, distributed at a rate of 0.25 bonus shares for every one original share.The distribution will be funded from shareholders’ dividend distributions, based on the company’s financial statements for the year ended December 31st, 2024.Shareholders owning the company’s shares prior to the end of the trading session on Sunday, January 11th, will be entitled to the bonus shares.Following the bonus share increase, Sidpec’s shares will be listed on the EGX database with a reference price set as of the start of trading on Monday, January 12th, 2026.© 2026 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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